Halen Breweries
Open bankruptcyFinancials · financial year 2025, abbreviated format
Turnover
≈ €340,000
Estimated: probably between €170,000 and €730,000
Total assets
€231,993▼ 4.8%
2024 · €243,813
Net result
€46,252
2024 · -€35,390
Working capital
-€216,328▲ 18.7%
2024 · -€265,954
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result returns to profit in 2025: €38,675 after a loss of €36,640 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€38,675
2025
Net result€46,252
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€231,993
2025
Equity-€209,880
2025
Debt€441,873
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€216,328
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)19.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-90.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.51
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€54,606--€5,131▲ 90.6%-€72,217▼ 1,307%-€2,936▲ 95.9%-€105,458▼ 3,492%-€36,640▲ 65.3%€38,675
Net result-€55,113--€5,501below the sector's middle half▲ 90.0%-€73,741below the sector's middle half▼ 1,240%-€2,903below the sector's middle half▲ 96.1%-€150,592below the sector's middle half▼ 5,087%-€35,390below the sector's middle half▲ 76.5%€46,252within the sector's middle half
Equity€11,996-€6,495below the sector's middle half▼ 45.9%-€67,246below the sector's middle half-€70,150below the sector's middle half▼ 4.3%-€220,742below the sector's middle half▼ 215%-€256,132below the sector's middle half▼ 16.0%-€209,880below the sector's middle half▲ 18.1%
Total assets€291,864-€291,645within the sector's middle half▼ 0.1%€286,444within the sector's middle half▼ 1.8%€269,105below the sector's middle half▼ 6.1%€204,252below the sector's middle half▼ 24.1%€243,813below the sector's middle half▲ 19.4%€231,993below the sector's middle half▼ 4.8%
Debt€279,868-€285,150▲ 1.9%€353,691▲ 24.0%€339,255▼ 4.1%€424,994▲ 25.3%€499,945▲ 17.6%€441,873▼ 11.6%
Working capital-€26,641--€21,460below the sector's middle half▲ 19.4%-€88,688below the sector's middle half▼ 313%-€86,315below the sector's middle half▲ 2.7%-€233,633below the sector's middle half▼ 171%-€265,954below the sector's middle half▼ 13.8%-€216,328below the sector's middle half▲ 18.7%
Solvency4.1%-2.2%below the sector's middle half▼ 1.9pp-23.5%below the sector's middle half▼ 25.7pp-26.1%below the sector's middle half▼ 2.6pp-108.1%below the sector's middle half▼ 82.0pp-105.1%below the sector's middle half▲ 3.0pp-90.5%below the sector's middle half▲ 14.6pp
Current ratio0.90-0.92within the sector's middle half▲ 0.020.75below the sector's middle half▼ 0.180.75below the sector's middle half=0.45below the sector's middle half▼ 0.300.47below the sector's middle half▲ 0.020.51below the sector's middle half▲ 0.04
Return on assets (ROA)-18.9%--1.9%within the sector's middle half▲ 17.0pp-25.7%below the sector's middle half▼ 23.9pp-1.1%below the sector's middle half▲ 24.7pp-73.7%below the sector's middle half▼ 72.6pp-14.5%below the sector's middle half▲ 59.2pp19.9%above the sector's middle half▲ 34.5pp
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €231,993
Fixed assets
€6,448 ▼ 34.4%
Current assets
€225,545 ▼ 3.6%
Equity and liabilities
Equity-€209,880
Debt€441,873
Equity is negative: debt (€441,873) exceeds the balance-sheet total (€231,993).
Key figures and ratios
EBITDA
€42,049▲
2024 · -€33,571
Cash flow
€49,626▲
2024 · -€32,320
Interest coverage
over 100▲
2024 · -143.01
Debt ≤ 1 year
€441,873▼
2024 · €499,945
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,773 | €7,918 | €8,693 | €5,277 | €3,374 | €3,069 | €3,374 | ▲ 9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €13,453 | €46,682 | - | - | - |
| Other operating charges640/8 | - | - | - | €744 | €970 | €1,537 | €1,463 | ▼ 4.8% |
| Gross operating margin9900 | -€32,576 | €3,678 | -€62,682 | €16,538 | -€54,432 | -€32,034 | €43,513 | - |
| Operating profit (loss)9901 | -€54,606 | -€5,131 | -€72,217 | -€2,936 | -€105,458 | -€36,640 | €38,675 | - |
| Financial income75/76B | - | - | - | €430 | €4,543 | €1,485 | €8,155 | ▲ 449% |
| Recurring financial income75 | €13 | - | €2 | €430 | €12 | €105 | €8,155 | ▲ 77× |
| Non-recurring financial income76B | - | - | - | - | €4,531 | €1,380 | €8,155 | ▲ 491% |
| Financial charges65/66B | - | - | - | €397 | €49,678 | €235 | €579 | ▲ 147% |
| Recurring financial charges65 | €519 | €370 | €1,526 | €397 | €207 | €235 | €331 | ▲ 41.1% |
| Non-recurring financial charges66B | - | - | - | - | €49,471 | - | €248 | - |
| Profit (loss) for the period before taxes9903 | -€55,113 | -€5,501 | -€73,741 | -€2,903 | -€150,592 | -€35,390 | €46,252 | - |
| Profit (loss) for the period9904 | -€55,113 | -€5,501 | -€73,741 | -€2,903 | -€150,592 | -€35,390 | €46,252 | - |
| Profit (loss) for the period to be appropriated9905 | -€55,113 | -€5,501 | -€73,741 | -€2,903 | -€150,592 | -€35,390 | €46,252 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €291,864 | €291,645 | €286,444 | €269,105 | €204,252 | €243,813 | €231,993 | ▼ 4.8% |
| Fixed assets21/28 | €38,638 | €27,955 | €21,442 | €16,165 | €12,891 | €9,822 | €6,448 | ▼ 34.4% |
| Tangible fixed assets22/27 | €38,638 | €27,955 | €19,262 | €13,985 | €10,611 | €7,542 | €4,168 | ▼ 44.7% |
| Plant, machinery and equipment23 | - | - | - | €13,985 | €10,611 | €7,542 | €4,168 | ▼ 44.7% |
| Financial fixed assets28 | - | - | €2,180 | €2,180 | €2,280 | €2,280 | €2,280 | = |
| Current assets29/58 | €253,226 | €263,689 | €265,003 | €252,940 | €191,361 | €233,991 | €225,545 | ▼ 3.6% |
| Stocks and contracts in progress3 | €34,464 | €44,118 | €16,513 | €15,921 | €9,000 | €4,950 | - | - |
| Stocks30/36 | - | - | - | €15,921 | €9,000 | €4,950 | - | - |
| Amounts receivable within one year40/41 | €217,109 | €218,203 | €247,879 | €200,742 | €178,171 | €228,697 | €225,145 | ▼ 1.6% |
| Trade receivables40 | - | - | - | €166,552 | €177,285 | €213,282 | €222,756 | ▲ 4.4% |
| Other amounts receivable41 | - | - | - | €34,190 | €886 | €15,416 | €2,389 | ▼ 84.5% |
| Cash at bank and in hand54/58 | €1,653 | €1,369 | €611 | €36,277 | €4,190 | €343 | €400 | ▲ 16.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €291,864 | €291,645 | €286,444 | €269,105 | €204,252 | €243,813 | €231,993 | ▼ 4.8% |
| Equity10/15 | €11,996 | €6,495 | -€67,246 | -€70,150 | -€220,742 | -€256,132 | -€209,880 | ▲ 18.1% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | - | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | - | - | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €13,422 | €13,422 | €13,422 | €13,422 | €13,422 | €13,422 | €13,422 | = |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | - | - | €7,222 | €7,222 | €7,222 | €7,222 | = |
| Profit (loss) carried forward14 | -€101,426 | -€106,927 | -€180,669 | -€183,572 | -€334,165 | -€369,554 | -€323,303 | ▲ 12.5% |
| Amounts payable17/49 | €279,868 | €285,150 | €353,691 | €339,255 | €424,994 | €499,945 | €441,873 | ▼ 11.6% |
| Amounts payable within one year42/48 | €279,868 | €285,150 | €353,691 | €339,255 | €424,994 | €499,945 | €441,873 | ▼ 11.6% |
| Trade debts44 | €19,697 | €28,450 | €122,455 | €36,524 | €57,020 | €151,005 | €127,283 | ▼ 15.7% |
| Suppliers440/4 | - | - | - | €36,524 | €57,020 | €151,005 | €127,283 | ▼ 15.7% |
| Taxes, remuneration and social security45 | - | - | - | - | €169 | - | - | - |
| Taxes450/3 | - | - | - | - | €169 | - | - | - |
| Other amounts payable47/48 | - | - | - | €302,731 | €367,805 | €348,940 | €314,591 | ▼ 9.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€55,113 | -€5,501 | -€73,741 | -€2,903 | -€150,592 | -€35,390 | €46,252 | - |
| + Depreciation and write-downs630 | €18,773 | €7,918 | €8,693 | €5,277 | €3,374 | €3,069 | €3,374 | ▲ 9.9% |
| Operating cash flow (approximation) | -€36,339 | €2,417 | -€65,048 | €2,373 | -€147,219 | -€32,320 | €49,626 | - |
| Investment in fixed assets (approximation) | - | €2,765 | -€2,180 | €0 | -€100 | €0 | €0 | - |
| Change in cash | - | -€284 | -€758 | €35,667 | -€32,088 | -€3,846 | €57 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 29-01-2026 | 2026-00018220 |
| 30-06-2024 | abbreviated format | 08-09-2025 | 2025-00485089 |
| 30-06-2023 | abbreviated format | 31-05-2024 | 2024-00102948 |
| 30-06-2022 | abbreviated format | 13-09-2023 | 2023-00448160 |
| 30-06-2021 | micro format | 25-03-2022 | 2022-09100180 |
| 30-06-2020 | micro format | 19-02-2021 | 2021-05800203 |
| 30-06-2019 | micro format | 24-01-2020 | 2020-02500380 |
| 30-06-2018 | micro format | 05-12-2018 | 2018-73800256 |
| 30-06-2017 | micro format | 08-02-2018 | 2018-04700566 |
| 30-06-2016 | abbreviated format | 16-03-2018 | 2018-07000352 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 1,538 active companies whose main activity is wholesale of beverages, general range (NACE 46349), figures are known for 994. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.